Downtown Residential Conversion & Commercial Rehabilitation Forum Held

The City of Albany, Capitalize Albany Corporation, and the Downtown Albany Business Improvement District held a Downtown Residential & Commercial Rehabilitation Forum on Wednesday, February 24^th at the former FitStop building located at 374 Broadway. The forum was followed by a tour of the newly completed residential conversion project at The Meginniss Flats (370 Broadway). The purpose of the forum was to share development opportunities and new resources available for rehabilitation of vacant or underutilized mid-scale buildings for residential or mixed-use projects in downtown Albany.  The forum was targeted at interested developers, investors, and current downtown Albany property owners who are seriously considering redevelopment projects of mid-scale buildings in Downtown Albany.

For more information or to discuss a project concept, contact:

·         Jennifer Miller, Director of Business Development, Downtown Albany BID at 518.465.2143 x. 14 or jmiller@downtownalbany.org

·         Maria Pidgeon, Senior Economic Developer, City of Albany Department of Development & Planning & Capitalize Albany Corporation at 518.434.2532 x. 28 or mitsiosm@ci.albany.ny.us

Presentations (see PDFs above):

Introductions - Michael Yevoli, President, Capitalize Albany Corporation and Georgette Steffens, Executive Director, Downtown Albany BID

National Grid Main Street Grant Program for Commercial Spaces & Small Business Services Program - Linda Hill, Principal Economic Developer and Jim Baker, Energy Efficiency Consultant             

NYS Division of Housing & Community Renewal Main Street Grant Program for Facades, Residential & Commercial Spaces - Christian Leo, Program Director

City of Albany Programs – Megan Daly, Vice President, Capitalize Albany Corporation

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About the Downtown Albany BID: The Downtown Albany BID, incorporated in 1996, is a private, not-for profit 501 (c) (3) organization that works to restore, promote and maintain the character and viability of downtown Albany and to improve the quality of life and overall image of downtown for all those who work in, live in and visit the Capital City. The Downtown Albany BID covers approximately 50 square blocks from Eagle Street on the west to Broadway on the east, and Clinton Avenue on the north to Madison Avenue on the south. For information about the Downtown Albany BID, call 518-465-2143 or visit downtownalbany.org.

About Capitalize Albany Corporation: Since its incorporation in 1979, the Capitalize Albany Corporation, formerly the Albany Local Development Corporation (ALDC) aims to facilitate the creation of new employment opportunities, the retention of existing jobs and to encourage investment that will expand the commercial and industrial tax base for the City of Albany.  Capitalize Albany Corp. achieves this through its lending programs and its facilitation of transformational development projects that the City has identified as priority in the Capitalize Albany strategy.